PhilStar Business
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Philippines Business News
Local business and financial news scraped every 4 hours from BusinessWorld, PhilStar, Manila Times, Rappler, and more.
1276 articles from PhilStar Business
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PhilStar Business
Making the kids visit
An elderly man in Manila calls his son in Davao and says, “I hate to ruin your day, but I have to tell you that your mother and I are separating. Forty-five years of misery is enough.”
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Much-needed legislation
Every year, a new report comes out confirming what everyone already knows.
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Onion farmers get credit line via Jollibee, BanKo partnership
The Jollibee Group Foundation has partnered with the microfinance arm of the Bank of the Philippine Islands to provide onion farmers access to financing that may help them improve their productivity and boost their income.
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SM Prime expands office space portfolio
SM Offices, the commercial leasing arm of the Sy family’s SM Prime Holdings Inc., is set to deliver this year its newest Philippine Economic Zone Authority-accredited office tower in Quezon City that will add 31,000 square meters of office space to its portfolio.
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WTE auction capacity increased to 400 MW
More capacity is now up for grabs in the country’s waste-to-energy auction, with the government raising the installation target and giving companies a longer runway to complete bid requirements.
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AGI allots P62 billion for 2026 capex
Conglomerate Alliance Global Group Inc. (AGI) of tycoon Andrew Tan is setting aside P62 billion in capital expenditures this year to fund the group’s next phase of growth.
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Approved construction permits down 7 percent in April
Construction projects based on approved building permits declined by seven percent in April from a year ago, but the value posted double-digit growth year-on-year, according to the Philippine Statistics Authority (PSA).
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BSP extends repayment period for salary-based loans
The Bangko Sentral ng Pilipinas (BSP) has extended the maximum repayment period for salary-based consumption loans to seven years, a move meant to make amortizations more manageable for borrowers while keeping safeguards against excessive debt.
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BSP sets rules on digital transaction fees
Banks and other financial institutions will have to justify fees on electronic fund transfers as the Bangko Sentral ng Pilipinas (BSP) set new pricing rules for digital payments, following the lifting of the moratorium on fee increases for InstaPay and PESONet transactions.
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Business judgment rule
The more I read about the fight over listed energy company First Gen’s investment in Prime Infrastructure Capital’s hydropower projects, the more I find myself sifting through the things that mattered. More than the family dispute, the court cases or the corporate resolutions, we seem to be distracted by narratives, which are important, but are not the end-all and be-all of the situation.
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Customs seizes P7.2 billion in illegal tobacco products
The Bureau of Customs (BOC) has confiscated about P7.2 billion worth of illicit tobacco and e-cigarette products since January, as authorities continue to intensify intelligence and enforcement operations.
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DOE creates carbon credits task force
The Department of Energy (DOE) has institutionalized a dedicated task force to oversee and ensure the effective implementation of the government’s carbon credit policies.
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First Gen asked to justify premium in Prime Infrastructure deal
The Lopez family majority is demanding an explanation from tycoon Federico “Piki” Lopez and the board of First Gen Corp. regarding the company’s hydropower deals with Prime Infrastructure, alleging that Piki “went all in with First Gen’s money” to keep his post.
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From port to green powerhouse: SBMA’s transformation into a modern green port city
When aggressive business decisions are made, outcomes can either falter or flourish. In the case of the Subic Bay Metropolitan Authority (SBMA), strong leadership and decisive action have led to a remarkable transformation—turning Subic Bay into a thriving green port city anchored on sustainability, economic growth, and global partnerships.
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Government positions Mindanao as next investment hub
The Board of Investments (BOI) and the Mindanao Development Authority (MinDA) have forged a partnership to position Mindanao as the country’s next major investment hub.
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How decentralized identity could rewire Filipino remittances in a time of war
By any measurable metric, the Philippines runs on remittances.
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Megaworld generates P28 billion in sales from residential projects
Property giant Megaworld Corp. has booked P28 billion in sales after fully selling out its residential villages in Metro Manila and key provincial areas.
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‘More BSP rate hikes possible’
The Bangko Sentral ng Pilipinas (BSP) may still deliver more rate hikes this year after raising borrowing costs for a second straight meeting, although economists are divided on whether the central bank will keep tightening or pause as soon as oil prices ease and growth weakens.
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NGCP reviews new transmission rules, eyes next steps
The National Grid Corp. of the Philippines (NGCP) is evaluating newly issued transmission rules to protect grid integrity and ensure alignment with its concession agreement with the government.
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Philippines climbs 4 places in global competitiveness ranking
The Philippines moved up four places to rank 47th out of 70 economies in this year’s International Institute for Management Development (IMD)’s World Competitiveness Ranking, but the country remained among the laggards in Asia-Pacific.
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‘Philippines does not import fresh ube’
The Philippines does not import ube or purple yam, a unit of the Department of Agriculture (DA) said, amid rising popularity for the country’s root crop.
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RHR partners with Duty Free Philippines to support tourism growth
Robinsons Hotels and Resorts (RHR), the hospitality arm of the Gokongwei family’s Robinsons Land Corp., is teaming up with Duty Free Philippines to support tourism growth in the country.
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SC orders NOW Telecom to pay P136 million dues to NTC
NOW Telecom Co. Inc. has been ordered by the Supreme Court (SC) to settle up to P136 million in unpaid user fees since 2005 to the National Telecommunications Commission (NTC).
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